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Property Type: TownhouseOwnership: Condominium
220 SALISBURY Avenue Unit# 23
Cambridge, ON N1S1K5
MLS® 40862222
30
Walk Score
34
Transit
40
Bike
$495,000
3 bed3 full, 2 half bath2 parking2,022 sqftBuilt 1972
30
Walk Score
34
Transit
40
Bike
Property Details
Property & Lot
- Sub-type
- Row / Townhouse
- Stories
- 4
R3
Ownership & Fees
- Property type
- Townhouse
- Ownership
- Condominium
- Condo / maintenance fee
- $1,104/mo
- Annual property tax
- $3,583.87
Maintenance Fee Includes
Water
Also included: Landscaping, Insurance, Parking
Interior
- Basement
- Finished, Full
- Heating
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Utility room | Lower level | 4'8'' x 4'2'' |
| Laundry room | Lower level | 7'6'' x 5'10'' |
| Recreation room | Basement | 10'1'' x 21'0'' |
| 4pc Bathroom | Upper Level | 5' x 10'8'' |
| Bedroom | Upper Level | 13'2'' x 11'5'' |
| 2pc Ensuite bath | Upper Level | 6'1'' x 4'11'' |
| Primary Bedroom | Upper Level | 12'9'' x 19'6'' |
| Bedroom | Third level | 7'7'' x 10'0'' |
| Kitchen | Second level | 9'1'' x 11'5'' |
| Dining room | Second level | 12'10'' x 14'11'' |
| Living room | Second level | 14'8'' x 21'11'' |
| 2pc Bathroom | Main level | 3'' x 6'3'' |
Description
Welcome to this multi-level townhouse condo tucked away in a premier neighborhood, perfectly blending functional modern living with serene natural beauty! The welcoming foyer sets the stage with a spacious closet and a convenient two-piece powder room. Step into the bright, open-concept main floor, where near floor-to-ceiling windows frame stunning forest views and regular wildlife sightings. The beautifully refreshed kitchen is a chef's delight, complete with cozy heated floors, a double pantry, and sleek stainless steel appliances. Upstairs serves as a peaceful retreat, featuring a generous primary bedroom with its own private two-piece ensuite, a bright second bedroom, a full bathroom, and a flexible third bedroom currently used as a den. The walk-out lower level is built for entertaining, boasting a fully finished recreation room, a condo-approved hot tub, and direct access to a private deck overlooking the woods—ideal for bird watching or unwinding in nature. Complete with two parking spaces (including one garage), quick transit access, and a short walk to the vibrant downtown core, this property is a rare find for nature lovers. Best of all, condo fees are paid until 2027, and water is included in the condo fees! (id:63159)
Listing Information
- MLS®
- 40862222
- Data last synced
- October 15, 2026
Royal Lepage Crown Realty Services
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Royal Lepage Crown Realty Services
MLS® Number: 40862222
Listing data is sourced from CREA DDF®, the Canadian Real Estate Association (CREA) Data Distribution Facility. Listing information is deemed reliable but is not guaranteed accurate by CREA or the listing brokerage. Data provided courtesy of Cornerstone Association of REALTORS®.
Values & Trends
This listing
$245/sqft
Building average
—
No other active listings in this building
13 - Salisbury/Southgate average
$330/sqft
4 active listing(s)
Parking: 2 stall(s) includedStorage locker: Not indicated
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: Guelph
5°C
—
Humidity 95%
Wind NNE calm km/h
Tonight
6°
Thursday
19°
Thursday night
6°
Friday
12°
Friday night
-2°
Saturday
14°
Source: Environment and Climate Change Canada.
Population
139,163
(2021 Census)
+6.6% since 2016
Density:
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($24,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$396,000.00
Periodic payment — Principal & Interest (monthly)$2,554.86
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,503.62
Total monthly cost$4,058.47
Interest paid over 5-yr term$113,494.74
Balance at end of term$356,203.28
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$24,750
Stress test qualifying rate8.19%
Payment you must qualify for$3,646.20
Cash Needed at Closing
Minimum down payment$24,750
Estimated Land Transfer Tax (LTT)$6,375
Legal / closing costs (typical estimate)$1,500
Total cash needed$32,625
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Land Transfer Tax is the Ontario provincial schedule, before any first-time buyer refund; only the City of Toronto charges a municipal land transfer tax on top, so none applies in the areas this site covers (Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, as of October 28, 2026). Verify all figures with a mortgage broker and lawyer before relying on them.
